I opted for a local solicitor for my conveyancing in Soham last week. Reviewing the Terms I seeI am responsible for costs even if our purchase doesn't happen. Should I go with them or appoint a web based lawyer promoting no move no charge conveyancing in Soham?

It is usually a trade off in that if "No Completion No Fee" is offered then the conveyancing charges will generally be higher to neutralise those transactions that do not go ahead. You should be mindful that these promotions generally do not protect you from expenses by way of example Soham conveyancing search expenses.

Would the conveyancing solicitors that you recommend execute attended exchange conveyancing in Soham?

We do have a number of conveyancing experts who can conduct attended exchanges. Please contact us to get a conveyancing quote and details as to availability.

Is there a reason why leasehold purchase conveyancing in Soham is more expensive?

Soham leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one close by in Soham I like with open areas and railway links nearby, the downside is that it only has 61 remaining years left on the lease. There is not much else in Soham suitable, so just wondered if I would be making a grave error buying a short lease?

If you need a home loan the remaining unexpired lease term will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.

I am buying a house mortgage free. I have provided lawyer with 2 distinct forms of photo identification, bank statement, numerous utility bills. Now he requires a copy from a probate lawyer stating that the money is legitimate and that it has come from inheritance and not via illegitimate means.

For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Soham conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.